diff --git a/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_settings.py b/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_settings.py
index ec7d71e..dc5a329 100644
--- a/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_settings.py
+++ b/erpnext/erpnext_integrations/doctype/plaid_settings/plaid_settings.py
@@ -10,7 +10,6 @@
 from frappe.utils import add_months, formatdate, getdate, sbool, today
 from plaid.errors import ItemError
 
-from erpnext.accounts.doctype.journal_entry.journal_entry import get_default_bank_cash_account
 from erpnext.erpnext_integrations.doctype.plaid_settings.plaid_connector import PlaidConnector
 
 
@@ -90,9 +89,15 @@
 		bank = json.loads(bank)
 	result = []
 
-	default_gl_account = get_default_bank_cash_account(company, "Bank")
-	if not default_gl_account:
-		frappe.throw(_("Please setup a default bank account for company {0}").format(company))
+	parent_gl_account = frappe.db.get_all(
+		"Account", {"company": company, "account_type": "Bank", "is_group": 1, "disabled": 0}
+	)
+	if not parent_gl_account:
+		frappe.throw(
+			_(
+				"Please setup and enable a group account with the Account Type - {0} for the company {1}"
+			).format(frappe.bold("Bank"), company)
+		)
 
 	for account in response["accounts"]:
 		acc_type = frappe.db.get_value("Bank Account Type", account["type"])
@@ -108,11 +113,22 @@
 
 		if not existing_bank_account:
 			try:
+				gl_account = frappe.get_doc(
+					{
+						"doctype": "Account",
+						"account_name": account["name"] + " - " + response["institution"]["name"],
+						"parent_account": parent_gl_account[0].name,
+						"account_type": "Bank",
+						"company": company,
+					}
+				)
+				gl_account.insert(ignore_if_duplicate=True)
+
 				new_account = frappe.get_doc(
 					{
 						"doctype": "Bank Account",
 						"bank": bank["bank_name"],
-						"account": default_gl_account.account,
+						"account": gl_account.name,
 						"account_name": account["name"],
 						"account_type": account.get("type", ""),
 						"account_subtype": account.get("subtype", ""),
diff --git a/erpnext/erpnext_integrations/doctype/plaid_settings/test_plaid_settings.py b/erpnext/erpnext_integrations/doctype/plaid_settings/test_plaid_settings.py
index 6716853..666def3 100644
--- a/erpnext/erpnext_integrations/doctype/plaid_settings/test_plaid_settings.py
+++ b/erpnext/erpnext_integrations/doctype/plaid_settings/test_plaid_settings.py
@@ -7,7 +7,6 @@
 import frappe
 from frappe.utils.response import json_handler
 
-from erpnext.accounts.doctype.journal_entry.journal_entry import get_default_bank_cash_account
 from erpnext.erpnext_integrations.doctype.plaid_settings.plaid_settings import (
 	add_account_subtype,
 	add_account_type,
@@ -72,14 +71,6 @@
 		bank = json.dumps(frappe.get_doc("Bank", "Citi").as_dict(), default=json_handler)
 		company = frappe.db.get_single_value("Global Defaults", "default_company")
 
-		if frappe.db.get_value("Company", company, "default_bank_account") is None:
-			frappe.db.set_value(
-				"Company",
-				company,
-				"default_bank_account",
-				get_default_bank_cash_account(company, "Cash").get("account"),
-			)
-
 		add_bank_accounts(bank_accounts, bank, company)
 
 		transactions = {